Foxconn plans to double smartphone manufacturing capacity in India

India: Foxconn, a Taiwanese multinational electronics contract manufacturing company is planning to double the manufacturing capacity of the smartphone in its India’s plant located in Andhra Pradesh in the year 2016. The company will be manufacturing 2.5 million units every month by this year end. Currently, the company 25 assembly lines and manufactures about 1 million units.

To ramp up the production, the company will add 1,100 employees to the existing manpower of 6,000 people.

Foxconn Andhra Pradesh plant will have three new buildings of a total of 500,000 sq. ft. in next five to six months and have 10 assembly lines.

As per the TechSci Research, after the launch of Make in India initiatives multiple smartphone manufacturers planned to expand their operations in India. Likewise, Foxconn focuses on India and aims to develop 10-12 facilities which include factories and data centres by 2020. The company also aims to employ millions of people directly or indirectly. In 2015, the company chairman Terry Gou visited India and committed to invest $5 billion in Maharashtra in a new electronics manufacturing facility over five years.

TechSci Research depicts that the expansion strategy of Foxconn in India expects to increase the number of clients and would positively impact the revenues as well. Foxconn serves multiple clients – Apple, Microsoft, Xiaomi, Oppo, Gionee, Asus to name few.